2018 AMT - GOP Tax Plan

Previous law: For the 2017 tax year, the AMT exemption amount for single filers is $54,300 and begins to phase out at $120,700, and for joint filers, it is $84,500 and begins to
phase out at $160,900, according to
the IRS.

New law: The AMT exemption amounts will increase to $70,300 for single filers and $109,400 for joint filers and will phase out for those taxpayers at $500,000 and $1 million,
respectively, according to the nonpartisan Tax Policy Center’s analysis of the
bill. These changes will end after 2025.